IHS Chemical Week

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Recession, New Regulations, Present Opportunity for Tax Efficiencies

2:46 PM MDT | March 9, 2009 | Vincent Valk

While the recession has put pressure on chemical companies’ bottom lines, it has opened space for possible savings on taxes, KPMG tax experts say. Frank Mattei, Raymond de Looze and Thomas Zollo, all of KPMG, spoke on tax efficiency at CW’s tax-efficient supply chain management (TESCM) webcast last week. With cash flow a major concern, companies should take advantage of any opportunity to save on taxes, they say. The economy may present an opportunity for companies to review advance pricing agreements (APAs) with certain jurisdictions, de Looze...

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